- ISIN
- US78464A6982
- CUSIP
- 78464A698
- Issuer
- State Street
- Inception Date
- Jun 19, 2006
- Region
- North America (U.S.)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Regional Banks Select Industry Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Value
- Assets Under Management
- $4B
Share Price Chart
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Performance
KRE Performance Chart
SPDR S&P Regional Banking ETF (KRE) is up 12.4% since the beginning of the year. KRE is currently trading at $72 per share. Investors who bought $1,000 worth of KRE shares 5 years ago would now be looking at an investment worth $1,253.
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Returns By Period
SPDR S&P Regional Banking ETF (KRE) has returned 12.38% so far this year and 30.35% over the past 12 months. Over the last ten years, KRE has returned 9.42% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
SPDR S&P Regional Banking ETF
- 1D
- 0.96%
- 1M
- 4.38%
- YTD
- 12.38%
- 6M
- 8.46%
- 1Y
- 30.35%
- 3Y*
- 25.54%
- 5Y*
- 4.62%
- 10Y*
- 9.42%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
KRE Monthly Returns History
Based on dividend-adjusted daily data since Jun 22, 2006, KRE's average daily return is +0.04%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.
Historically, 56% of months were positive and 44% were negative. The best month was Oct 2011 with a return of +21.5%, while the worst month was Mar 2020 at -30.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, KRE closed higher 51% of trading days. The best single day was Sep 18, 2008 with a return of +17.2%, while the worst single day was Dec 1, 2008 at -16.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.17% | -2.96% | -1.86% | 7.21% | -0.34% | 4.02% | 12.38% | ||||||
| 2025 | 6.31% | -3.26% | -7.80% | -4.78% | 5.08% | 5.13% | 1.13% | 9.07% | -2.78% | -5.21% | 4.98% | 3.53% | 10.21% |
| 2024 | -5.21% | -3.14% | 5.28% | -6.48% | 3.89% | 1.36% | 18.70% | -0.77% | -1.47% | 4.15% | 14.89% | -10.29% | 18.58% |
| 2023 | 5.75% | -0.90% | -28.15% | -2.74% | -8.65% | 5.75% | 19.25% | -8.48% | -5.45% | -5.03% | 13.74% | 17.16% | -7.61% |
| 2022 | 1.06% | 3.74% | -6.80% | -10.25% | 3.93% | -9.06% | 9.80% | -1.87% | -5.37% | 8.61% | 0.89% | -8.31% | -15.08% |
| 2021 | 4.66% | 18.19% | 3.74% | 3.09% | 3.36% | -6.82% | -4.52% | 5.31% | 3.37% | 4.66% | -1.55% | 2.08% | 39.29% |
Benchmark Metrics
SPDR S&P Regional Banking ETF has an annualized alpha of -3.59%, beta of 1.26, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since June 22, 2006.
- This ETF participated in 109.51% of S&P 500 Index downside but only 88.83% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -3.59% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -3.59%
- Beta
- 1.26
- R²
- 0.54
- Upside Capture
- 88.83%
- Downside Capture
- 109.51%
Expense Ratio
KRE has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KRE ranks 38 for risk / return — below 38% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KRE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.78 | -0.75 |
| Martin ratioReturn relative to average drawdown | 5.29 | 12.44 | -7.14 |
Dividends
Dividend History
SPDR S&P Regional Banking ETF provided a 2.76% dividend yield over the last twelve months, with an annual payout of $1.99 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.99 | $1.59 | $1.56 | $1.57 | $1.47 | $1.40 | $1.44 | $1.29 | $1.16 | $0.83 | $0.78 | $0.75 |
Dividend yield | 2.76% | 2.45% | 2.59% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.48% | 1.40% | 1.40% | 1.80% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P Regional Banking ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.42 | $0.78 | ||||||
| 2025 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.42 | $1.59 |
| 2024 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.41 | $1.56 |
| 2023 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.43 | $1.57 |
| 2022 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.41 | $1.47 |
| 2021 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.39 | $1.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR S&P Regional Banking ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR S&P Regional Banking ETF was 68.54%, occurring on Mar 9, 2009. Recovery took 1536 trading sessions.
The current SPDR S&P Regional Banking ETF drawdown is 1.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -68.54%Mar 2009 | 2y 17d | 6y 1mo | 8y 1moFeb 2007 - Apr 2015 |
COVID crash2020 | -54.92%Mar 2020 | 1y 9mo | 10mo 23d | 2y 8moJun 2018 - Feb 2021 |
2023 bear market2023 | -52.69%May 2023 | 1y 3mo | 2y 9mo | 4y 17dJan 2022 - Feb 2026 |
2016 bear market2016 | -27.99%Feb 2016 | 3mo 4d | 9mo 2d | 1y 1dNov 2015 - Nov 2016 |
2017 correction2017 | -15.90%Sep 2017 | 6mo 9d | 2mo 23d | 9mo 2dMar 2017 - Nov 2017 |
Drawdown Indicators
| KRE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.54% | -56.78% | -11.76% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -9.10% | -5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | -18.90% | -9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -52.69% | -25.43% | -27.26% |
Max Drawdown (10Y)Largest decline over 10 years | -54.92% | -33.92% | -21.00% |
Current DrawdownCurrent decline from peak | -1.36% | -1.80% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -21.85% | -10.71% | -11.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 2.03% | +3.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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